Indian Express (Free subscription) | 25/11/2009
China Petroleum and Chemical Corp, considered the biggest oil refiner in China, and US buyout firm TPG have weighed a bid for bankrupt chemicals company LyondellBasell Industries that could challenge Reliance Industries Ltd's...
The Street (Free subscription) | 25/11/2009
China Petroleum and Chemical and private-equity firm TPG aren't considering a bid to buy bankrupt chemical company LyondellBasell, a report says.
Green Car Congress (Free subscription) | 11/11/2009
China’s first integrated foreign joint venture refining and petrochemical facility has begun full commercial operation. Partners in the Fujian Integrated Refining and Ethylene Joint Venture Project are Sinopec (China Petroleum and Chemical Corp.), ExxonMobil, Saudi Aramco and the government of...
People Daily (Free subscription) | 11/11/2009
China Petroleum and Chemical Corp., known as Sinopec, on Wednesday put into commercial operation the country's first Sino-foreign joint venture combining refining and petrochemical operations. The facility, located in Quanzhou in the southeast China's Fujian Province, will triple Fujian's annual oil refining capacity to 12 million tonnes from 4 million tonnes. The upgraded refinery primarily refines...
Business Wire (Free subscription) | 06/11/2009
CHICAGO--(BUSINESS WIRE)--Zacks.com releases the latest Industry Outlook. Today, Zacks Equity Research discusses the Oil & Gas Industry, including CNOOC Ltd. (NYSE: CEO), China Petroleum and Chemical Corporation, or Sinopec (NYSE: SNP), Cameron International (NYSE: CAM), Nabors (NYSE: NBR) and Patterson-UTI (Nasdaq: PTEN). A synopsis of today’s Industry Outlook is presented below. The full...
People Daily (Free subscription) | 06/10/2009
China's apparent oil consumption in the first seven months this year was down by 0.6 percent year on year, but at slower pace, according to the China Petroleum and Chemical Industry Association (CPCIA). The apparent oil consumption represents net imports and output, and could be taken as an index for the real oil consumption excluding inventory. The decline was 2.6 percentage points lower than that...
People Daily (Free subscription) | 05/10/2009
The output value of China's petrochemical sector grew by 1.4 percent from July to 579.38 billion yuan (84.84 billion U.S. dollars) in August, according to the China Petroleum and Chemical Industry Association (CPCIA). The output was down 6.2 percent year on year, but the decline was 2.4 percentage points smaller than that of last month, CPCIA said in its latest reports. The sector saw a 3.7 percent...
People Daily (Free subscription) | 29/09/2009
BASF SE, the world's biggest chemical maker, and China Petroleum and Chemical Corp (Sinopec), the nation's dominant refiner, began construction yesterday on a 1.4-billion U.S. dollars expansion of their petrochemical joint venture in east China. The second phase of BASF-YPC Co in Nanjing, Jiangsu Province, is scheduled to begin operation in 2011. BASF-YPC is equally owned by both companies. "There...
People Daily (Free subscription) | 24/08/2009
China's equities rose for the third trading day as the benchmark index advanced 1.1 percent on Monday's close, led by China Petroleum and Chemical Corporation (Sinopec) and non-ferrous metals. The benchmark Shanghai Composite Index rose 32.66 points, to finish at 2,993.43. The Shenzhen Component Index added 1.55 percent, or 183.78 points, to end at 12,075.80. Combined turnover expanded to 218.87 billion...
Xinhuanet (Free subscription) | 24/08/2009
China Petroleum and Chemical Corporation (Sinopec) said Sunday its net profit in the first half of 2009 rose 332.8 percent year on year because of adjusted refined oil prices in domestic market.
People Daily (Free subscription) | 24/08/2009
China Petroleum and Chemical Corporation (Sinopec) said Sunday its net profit in the first half of 2009 rose 332.8 percent year on year because of adjusted refined oil prices in domestic market. Under international accountant rules, Sinopec's net profit totaled 33.25 billion yuan (4.87 billion U.S. dollars) in the first half with earnings per share up 0.294 yuan to 0.383 yuan, the company said in a...
People Daily (Free subscription) | 20/08/2009
The recovery in China's petrochemical industry slowed last month due to weak demand, said an industry association yesterday. The oil and gas exploration and oil refining sectors have seen solid recovery in July, but the rebound in the chemical industry has slowed down, China Petroleum and Chemical Industry Association (CPCIA) said in its monthly report. "Weak demand is the main reason for the...
People Daily (Free subscription) | 27/07/2009
China's oil consumption declined in the first half of the year as the country's economy slowed, but it would pick up growth in the second half, the main industry group said Monday. According to the China Petroleum and Chemical Industry Association (CPCIA), China's apparent consumption of crude oil dropped 2.9 percent year-on-year to 190 million tonnes. The decline was 4.2 percentage points lower than...
People Daily (Free subscription) | 21/07/2009
China Petroleum and Chemical Corp.(Sinopec), the nation's largest oil refiner, said Tuesday that it processed 86.9 million tonnes of crude oil in the first half of 2009, up 1.82 percent year-on-year, despite the economic slowdown. Sinopec reported earlier that the amount of crude oil it refined fell 3.27 percent year on year in the first quarter. The company, also a leading oil producer, said in a...
Eco Friendly Mag (Free subscription) | 18/07/2009
China Industry Body Questions Shells Coal to Liquids Technology Shanghai Daily. The China Petroleum and Chemical Industry Association (CPCIA) is proposing limiting any further purchases of Shell’s coal gasification technology following problems at half of the plants using the technology. Of 23 units now running, CPCIA said that 12 units in operation in 11 companies, including Sinopec, [...]
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